PDF/EPUB The Climate Casino

William D. Nordhaus ã 1 READ

The Climate Casino

CHARACTERS The Climate Casino READ µ The Climate Casino FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus Ng originates in our personal energy use to the end where societies employ regulations or taxes or subsidies to slow the emissions of gases responsible for climate change Nordhaus offers a new analysis of why earlier policies such as the Kyoto Protocol failed to slow carbon dioxide emissions how new approaches can succeed and which policy tools will most effectively reduce emissions In short he clarifies a defining problem of our times and lays out the next critical steps for slowing the trajectory of global warming. This book is enlighting because it is clear about the great danger of global warming but it is also rational and is not catastrophic on some aspects for example agriculture and health care I think the author is a little bit naive in the last chapters those about obstacles to climate change policies because it seems he thinks it s easier than it is to change doubters mind and align countries policies for full participation in climate change policies Overall is a book that should be read to understand climate change

CHARACTERS The Climate Casino

CHARACTERS The Climate Casino READ µ The Climate Casino FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus Iam Nordhaus But there is still time to turn around and walk back out of the casino and in this essential book the author explains how Bringing together all the important issues surrounding the climate debate Nordhaus describes the science economics and politics involved and the steps necessary to reduce the perils of global warming Using language accessible to any concerned citizen and taking care to present different points of view fairly he discusses the problem from start to finish from the beginning where warmi. An excellent book on Climate Change Not uite new but explains the economist view on Climate Change in a way accessible to an educated reader I am not 100% convinced on everything my priorities are higher on protecting ecosystems than optimizing the well being of other people But I highly appreciate the intellectual honesty of Nordhaus It is that kind of a book that creates the feeling where can I read on this

FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus

CHARACTERS The Climate Casino READ µ The Climate Casino FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus The 2018 Nobel laureate for economics analyzes the politics and economics of climate change and points the way to real solutionsA one stop source on global warming seen through the prism of a brilliant economist Fred Andrews New York Times Selected as one of the best books of 2013 by the Financial Times   Climate change is profoundly altering our world in ways that pose major risks to human societies and natural systems We have entered the Climate Casino and are rolling the global warming dice warns economist Will. This is a good but problematic book Everyone concerned about climate change should be aware of it and the ideas it has but some of these ideas are flawed most notably what Nordhaus says about economic growth What follows is my lengthy commentaryThe world has serious problems such as climate change peak oil and resource depletion generally Economists should be leading the charge on these types of issues but except for the very few ecological economists like Herman Daly they say increasingly strange things about a parallel world which seems to have only a tangential relationship to the one in which we actually liveA case in point is the recent book The Climate Casino Risk Uncertainty and Economics for a Warming World2013 by William Nordhaus His book is uite insightful on several levels The Climate Casino is a disturbing book but unfortunately some of what makes it disturbing is not intentional on the part of the authorOn the positive side his book is accessible to a reasonably smart person without any special technical knowledge He believes that climate change is real and that we need to do something about it He discusses tipping points in the climate that could dramatically escalate the impact of climate change Another key point is that without international cooperation dealing with climate change is much difficult if not impossible If you really thought that only half of all countries would participate in a climate change pact then aiming for a maximum warming of 2 degrees C is like hoping you can take Amtrak to the moon p 218 It s also impressive that he discusses the intricacies of negotiating a climate agreement across international boundaries and in the face of intense partisan politicsSo this is by no means a useless book But there are a number of very serious problems with his approach Here are some issues1 Limits to Growth The author doesn t understand that there are basic limits on human activity and that we ve pretty much run into the limits to growth He doesn t really argue this point he like most other mainstream economists just assumes that the economy is going to get a whole lot bigger In fact the economy is going to be so much bigger that future economic growth is going to help pay for the costs of dealing with climate changeFor Nordhaus the economy of tomorrow is going to be vastly bigger than today s economy Over the next half century to a century poor and middle income countries will improve 500% to 1000% p 145 On p 80 he presents a chart which shows that the AVERAGE world per capita income will be 55000 in 2100 and 130000 in 2200 whereas today it is less than 10000 This means that the typical citizen of Chad or Somalia will in 2200 have a better standard of living than I do today in the U S A Even without factoring in population increases 9 billion 12 billion this means the economy will be OVER 10 times bigger than it is todayNordhaus says This sounds like a fantasy but it is the result of exponential growth of living standards p 81ReallyNordhaus is relying on future economic growth to pay for climate change mitigation and adaptation We need some sort of explanation here Most likely it sounds like a fantasy because it is a fantasy On the face of it if the economy increases by a factor of 10 energy use will need to increase by a factor of 10 or perhaps with hugely increased efficiency an increase of a mere 3 5 or 8 times over what we now use Are we going to be burning 3 5 8 or 10 times the coal and oil that we now use Or throw up huge uantities of solar panels and wind turbines Or decarbonize the economy so that most of our wealth is going into things like poetry readings massage therapy or teachingAnyone who has been keeping up with the news knows that energy has become hugely expensive in the past couple of decades oil increased in price eight fold between 1998 and 2013 Despite these huge increases in price we have had only a slight increase in oil supplies at a huge environmental cost as well think Alberta tar sands think Gulf oil spillExcuse me Is this what economic growth is going to look like Most likely peak oil will occur fairly soon and even maintaining the energy status uo will become uite difficult Increasing energy supplies by a factor of 10 or even 3 needs some kind of explanation2 No growth alternatives Nordhaus briefly considers a no growth alternative in trying to understand approaches to climate change He acknowledges that the no growth alternative would have comparatively much lower greenhouse gas emissions but feels that this is not acceptable because it would leave billions of people mired in poverty The only way out for the poverty stricken masses he suggests is through economic growthNordhaus has completely distorted ecological economics No growth Nordhaus says means no new or improved products or processes no growth in total factor productivity to use the economist s technical language p 81 Nordhaus footnotes prominent ecological economist Herman Daly but it s fairly clear that he has not read DalyDaly specifically rejects this concept of a no growth economy Daly says We define growth as an increase in throughput which is the flow of natural resources from the environment through the economy and back to the environment as waste While growth must end this in no way implies an end to development which we define as ualitative change realization of potential evolution toward an improved but not larger structure or system Ecological Economics Principles And Applications Daly and Farley p 6 italics added Ecological economics does not call for an end to economic development merely to physical growth Ecological Economics Principles And Applications p 64 italics added The ecological economists clearly distinguish between productivity gains and total physical throughput Total physical throughput is the problem If you can make the economy bigger without increasing total physical uantities of materials and energy used then hooray and power to you3 Economic redistribution Nordhaus sees economic growth as the only way to get the world s poor out of poverty If Nordhaus had bothered to read Daly any further he would have also seen that another key point of the ecological economists is that we need to redistribute the wealth A lot of poverty in the world is simply due to the oppressive and increasing ineuality It is manifestly not the case that our only means to deal with poverty is to increase the size of the economy We could redistribute some of the wealth out of the hands of the super rich and give the poverty stricken masses a stake in saving the planet4 Dealing with the climate in a declining economy The really challenging problem and one which I would much prefer to see economists address is how to deal with climate change in a world of declining resources instead of just assuming that economic growth will solve everythingIt s not impossible When there is general recognition of a crisis situation as when the Japanese attacked Pearl Harbor in 1941 the nation can rise to the occasion A crisis will be needed to mobilize the country but that will probably come soon enough When resource depletion starts to bite and the economy starts to tank again as it did in 2008 there will be a good opportunity to address the underlying problemsWe need to embrace limits rather than run from them We will need to have buy in from the lower classes and that means income redistribution on a fairly massive scale If there is assurance that our society will support those at the bottom that we will not simply turn the poor into the homeless as we are doing today then it makes sense to ask people for wide ranging changes in society and cultureOne effective way of combating climate change which will actually improve the economy is to eliminate livestock agriculture Livestock agriculture is responsible for over half of all greenhouse gas emissions Much of climate change is due to the radical changes in land use we have seen in the 20th century The whole balance between plants which respire oxygen and animals which respire carbon dioxide has been upset and the plant animal imbalance is now responsible for a significant surplus of carbon dioxide On top of that all those cows are producing methane a significant greenhouse gas Switching away from livestock agriculture will substantially reduce medical expenses by removing the number one cause of disease in the Western world and a significant burden of society s expensesTo really fight this thing we are going to need the maximum contribution of ideas and energy This is where economists should come in but it looks like they re part of the problem not part of the solution If you are relying on economic growth to pay for climate change then your plan is fundamentally flawed


10 thoughts on “PDF/EPUB The Climate Casino

  1. says: PDF/EPUB The Climate Casino CHARACTERS The Climate Casino

    PDF/EPUB The Climate Casino FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus CHARACTERS The Climate Casino This is a good but problematic book Everyone concerned about climate change should be aware of it and the ideas it has but some of these ideas

  2. says: PDF/EPUB The Climate Casino William D. Nordhaus ã 1 READ

    FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus William D. Nordhaus ã 1 READ PDF/EPUB The Climate Casino In The Climate Casino economist William Nordhaus considers how we should respond to climate change according to economicsThe first policy recommendation of the book is a carbon tax Climate change is caused by greenhouse gases especially CO2 but no one pays for the conseuences of putting carbon in the atmosphere as far as e

  3. says: William D. Nordhaus ã 1 READ FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus PDF/EPUB The Climate Casino

    FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus PDF/EPUB The Climate Casino William D. Nordhaus ã 1 READ For those who actually want to change the world instead of just complaining about environmental politicsWilliam Nordhaus takes a very objective approach to the science economics and politics of climate change in a very easy

  4. says: PDF/EPUB The Climate Casino

    CHARACTERS The Climate Casino PDF/EPUB The Climate Casino FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus I think this is a very solid intro to some of the challenges surrounding dealing with climate change but it has some flaws The biggest issue with it is really just that it's not capable of changing minds though Nordhaus is v

  5. says: William D. Nordhaus ã 1 READ FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus PDF/EPUB The Climate Casino

    PDF/EPUB The Climate Casino An excellent book on Climate Change Not uite new but explains the economist view on Climate Change in a way accessible to an educated reader I am not 100% convinced on everything my priorities are higher on protecting ecosystems than optimizing the well being of other people But I highly appreciate the intellectual hones

  6. says: FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus PDF/EPUB The Climate Casino

    PDF/EPUB The Climate Casino This was an economics treatment of climate change when the real problem is one of science and belief not economi

  7. says: PDF/EPUB The Climate Casino

    PDF/EPUB The Climate Casino If you are already convinced that climate change is real and worry about it this book is not for you mostly It's for politicians There are some interesting data and details though

  8. says: PDF/EPUB The Climate Casino

    William D. Nordhaus ã 1 READ FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus CHARACTERS The Climate Casino I have a lot of issues with this book My biggest one is which country should we invade first to guarentee that they abide by proscribed CO2 emission standardsthat is the logical conclusion as even if the US uit emitting all

  9. says: PDF/EPUB The Climate Casino FREE DOWNLOAD ☆ PLUSPRODUCTIONS.CO ã William D. Nordhaus CHARACTERS The Climate Casino

    PDF/EPUB The Climate Casino CHARACTERS The Climate Casino This book is enlighting because it is clear about the great danger of global warming but it is also rational and is not catastrophic on some aspects for example agriculture and health care I think the author is a little bit naive in the last chapters those about obstacles to climate change policies because it seems he thinks it’s easier than it is to change doubters mind and align countries policies for fu

  10. says: PDF/EPUB The Climate Casino William D. Nordhaus ã 1 READ

    PDF/EPUB The Climate Casino I think Prof Nordhaus has given us a remarkable achievement a solid sobering stimulating scientific scary book on human caused global climate

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